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FxWirePro: EUR/USD forms Bullish BAT pattern, good to buy at dips

Harmonic pattern- Bullish BAT pattern

Potential Reversal Zone (PRZ) - 1.08450

  • EUR/USD has made high of 1.09976 today at the time of writing and declined from that level. It is currently trading around 1.09732.
     
  • Short term resistance is around 1.1015 and break above will take the pair till 1.1038/1.1070/1.1100.
     
  • On the downside major support is around 1.09200 and break below targets 1.0880/1.0850 level.

It is good to buy at dips around 1.0900-05 with SL around 1.0845 for the TP of 1.038/1.070              

 

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